UPDATE: Arco Platform Ltd. (ARCE) Reports Q4 EPS of R$0.42 on Revenues of R$296M

(Updated - March 31, 2021 4:38 PM EDT)

Arco Platform Ltd. (NASDAQ: ARCE) reported Q4 EPS of R$0.42, versus R$0.78 reported last year. Revenue for the quarter came in at R$296 million, versus R$192.27 million reported last year.

Fourth Quarter 2020 Results

• Net Revenue of R$296.5 million;
• Adjusted EBITDA of R$125.9 million;
• Adjusted Net Income of R$67.4 million;

“While the year of 2020 presented an unprecedented global challenge, the Brazilian K-12 education sector has undergone an important technological transformation that will benefit Arco for a long time. While taking care of our team and being financially responsible, we were able to quickly evolve our solutions and go-to-market to better serve existing clients and attract new prospects. In 2021, we will continue evolving our winning factors of brand reputation, superior solutions and distribution capability to pursue our mission of delivering high-quality education at scale,” said Ari de Sá Neto, CEO and founder of Arco.

For earnings history and earnings-related data on Arco Platform Ltd. (ARCE) click here.

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